Big changes to the FAFSA process mean grandparents can finally help pay for college without worrying about the “financial-aid trap.”

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Because of pending changes to the Free Application for Federal Student Aid (FAFSA), students will no longer have to disclose cash support. That means effective for the 2023-2024 school year, grandparent-owned 529 accounts will no longer impact a student’s eligibility to receive needs-based financial aid.